Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Ukraine - 2023
Contents:
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Ukraine (CIF) - 2023
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Ukraine (FOB) - 2022
- Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Ukraine
- Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Ukraine
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Ukraine (CIF) - 2023
In December 2023, the average import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground amounted to $2,665 per ton, with a decrease of -43.2% against the previous month. Over the period under review, the import price, however, saw notable growth. The pace of growth was the most pronounced in January 2023 when the average import price increased by 90% m-o-m. The import price peaked at $4,786 per ton in October 2023; however, from November 2023 to December 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Spain ($5,600 per ton), while the price for India ($1,800 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Ukraine (FOB) - 2022
The average export price for spices; cinnamon and cinnamon-tree flowers, crushed or ground stood at $11,695 per ton in 2022, with an increase of 47% against the previous year. Over the period under review, the export price posted a buoyant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Georgia ($14,836 per ton), while the average price for exports to Belarus ($4,333 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+15.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Ukraine
In 2022, approx. 173 tons of spices; cinnamon and cinnamon-tree flowers, crushed or ground were imported into Ukraine; declining by -19.6% compared with 2021 figures. Over the period under review, imports continue to indicate a drastic downturn. The smallest decline of -9.5% was in 2020.
In value terms, imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground reduced sharply to $574K in 2022. In general, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 2.4%. As a result, imports reached the peak of $758K, and then contracted rapidly in the following year.
| Import of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Ukraine (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 219 | 247 | 335 | 344 | 16.2% |
| Indonesia | 444 | 400 | 320 | 167 | -27.8% |
| Spain | 34.2 | 37.2 | 50.3 | 28.4 | -6.0% |
| India | 24.8 | 22.9 | 29.9 | 20.5 | -6.2% |
| Others | 15.5 | 31.9 | 22.9 | 14.3 | -2.7% |
| Total | 737 | 740 | 758 | 574 | -8.0% |
Top Suppliers of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground to Ukraine in 2022:
- Vietnam (124.5 tons)
- Indonesia (24.5 tons)
- India (18.2 tons)
- Spain (4.5 tons)
Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Ukraine
In 2022, the amount of spices; cinnamon and cinnamon-tree flowers, crushed or ground exported from Ukraine dropped notably to 4 tons, which is down by -42.8% on 2021. In general, exports showed a sharp decrease. The smallest decline of -7.7% was in 2021.
In value terms, exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground declined remarkably to $47K in 2022. Over the period under review, exports saw a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of 5.6%.
| Export of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Ukraine (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Georgia | 16.5 | 8.2 | 13.0 | 17.6 | 2.2% |
| Moldova | 17.8 | 22.4 | 19.7 | 16.4 | -2.7% |
| Azerbaijan | 3.0 | 4.7 | 5.6 | 9.5 | 46.8% |
| Russia | 10.9 | 9.0 | 8.8 | 1.9 | -44.1% |
| Belarus | 8.1 | 6.9 | 5.6 | N/A | -16.9% |
| Others | 1.6 | 1.8 | 2.9 | 1.5 | -2.1% |
| Total | 57.8 | 52.9 | 55.8 | 46.8 | -6.8% |
Top Export Markets for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground from Ukraine in 2022:
- Moldova (1680.0 kg)
- Georgia (1183.0 kg)
- Azerbaijan (849.0 kg)
- Russia (200.0 kg)
- Belarus (6.0 kg)
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This report provides an in-depth analysis of the cinnamon market in Ukraine.
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This report provides an in-depth analysis of the global cinnamon market.
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This report provides an in-depth analysis of the cinnamon market in Ukraine.
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This report provides an in-depth analysis of the global cinnamon market.
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The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
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From 2007 to 2016, the global cinnamon market value fluctuated perceptibly. According to IndexBox estimates, a significant increase in 2008 (X% Y-o-Y) was followed by a slight drop in 2009 (X% Y-o-Y). Over the next two years, the market gradually in
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Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
